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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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% r, p. H2 Q# r- aBelow is an Interesting article I found, which says that.....Do not + L4 O1 U3 f& m& t, n3 y. }3 a  n  l
expect much from Crude Oil producers and future is not with the 8 X# b: U/ A9 s) m* @6 K
companies producing Jet fuels but Biofuels. Also no wonder if some of & m$ S. A4 j9 m9 W  m2 R3 q; r
these oil producer will go bankrupt or out of the business even if + z! u' _  W8 R; x5 h8 ?
crude prices improves. This implies also to good names such as Shell,
- L9 V5 ~& X3 }. v1 u* JEXXON, BG, BP, Cheveron ....xyz.. oils : R1 N2 L/ }* G) N9 q3 j& M
) B0 |% N: p2 \4 ]# }! ~
Recently OPEC reduced crude oil production twice over just a few 2 Y- j" |* d& h* k2 R! z( s7 F
months. There are three wars going on in Gaza, Iraq and Afghandistan.
* H% {" Q5 Y* mA year ago these things would have spiked the price of crude oil by at
3 Y) h& t) ]: Z. p) e3 Nleast $50.00 per barrel. Today, oil price declined by a record amount.
; u# N& ~1 n* _2 U% t- \7 }6 }# A2 W: l: ?) l6 |1 \

8 U  P, t* K. d: BThere are several reasons the price of oil is decreasing in the face
) ]# r. Y5 L: l$ zof so much news. These reasons are:   y) j* H+ L7 E! d) q

( h$ i7 b( s5 K% P1 S! W/ w, {2 T4 S( K; s: G( [- P
1. New oil has been found in Canada, Montana, North & South Dakota and 9 ~7 c4 W! z8 A( W- }; I/ y" l
in the ocean near Brazil. Each of these oil fields has more oil than
5 V, Q" r/ [2 DArabia.
  {2 P1 G& h  Y3 G6 a8 S8 c7 D) ~1 U

4 g# R# d7 g& c2 l' ?+ R" ?: Q2. New natural gas has been found in Pennsylvania and West Virginia. # j2 f5 Y& s3 e( }( ]9 |
This is the largest find in North America.
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2 g  n% |; l  H( }8 e3 K) K3 r) w  R5 `7 d
3. New methods of injecting CO2 and surfactants into oil wells is   Y% D1 |( }# p: C
being used to double their output. - F. w% L0 O( v) M6 f! b

  Y: C* e' p: }6 E  @. T, B4 {5 x5 V' R
4. Production of bio-fuels is beginning to reach critical mass. Bio
; h; B, F) X" W& o. Efuel is being produced from many plants and algae. The production & _4 z) S; X3 X) _$ i
potential per acre in some cases is astounding. Many countries are
/ _% ~; ]! j) e& `+ z) uracing to produce bio fuels.
+ q) t0 P( W7 r% r
$ D$ N. O' k* d5 U# {% m7 y; Y; w3 f: v; A* g% N9 }
5. Virtually every restaurant in the US and all food processing plants % l% S) y1 q  r
are now selling their used oil to bio-diesel producers. Every pork, 1 x/ _2 t2 l- u- [( {6 t; C  d. J
cattle, turkey and chicken processing plant will soon sell their fat 3 G" ^: y; Q* o8 G* ~
to bio-diesel producers. One pork processing plant in Oklahoma is + J$ h. U# j; z$ N+ M" a2 x" f
producing 30,000 gallons of bio-diesel per day from pork fat.
' W- V5 W5 E5 o/ G" m5 m
* e9 F8 H9 Y6 z* X9 B* M7 \) U2 N" F& T. G4 X
6. There are 99 nuclear reactors in various stages of planning and * p: h; N" P" }! R3 b/ m+ `) g$ s) y
construction around the world at this time. Several hundred more are
/ R6 v/ B, [6 N& ]9 pexpected to be built in the future. Much of the energy they produce " s  ]2 I( z9 D! y8 g5 b
will replace oil. 0 T! a/ {7 P0 j! o- x4 Y' L

! m/ C* u/ @7 Z) Y) b3 e+ o6 t$ J1 g! P5 }3 u
7. Every company in any form of transportaion business is replacing , J# p  {/ R* Q% m. K, H
older equipment such as trucks, airplanes, train engines, ships, etc.
; |3 P" F2 W8 M0 l# ~& W7 Pwith new more fuel efficient equipment. Airlines and railway companies ! D( M9 v2 N2 H( q# B
are experiencing 20% to 25% better fuel econony with the new
6 p  b) o7 \. a: J  ?! Nequipment. " E5 `2 ]) V' R8 A% b
7 O% e8 X- l) ^7 l* t

0 k8 U3 V& O8 F) H$ RAirlines are flying airplanes with bio-fuel. They are finding the bio- 4 a0 `, r& d, K8 c
fuel is cleaner and performs better than jet fuel. + q6 I/ j( e8 v: f0 \; F- y
% f* I) f0 O) p; o" r1 R

2 o% i7 D  K  [' v! G2 P: v8. Cities and counties throughout the US are selling the rights to ! [& [1 y# [" k( X7 z+ r
capture methane gas from landfills. This is a huge source of gas # t, d* I7 z/ u$ q
available at very little cost or risk. The gas is displacing crude 8 ?8 b9 h- Z, w$ P; ~3 v
oil. 1 \4 b$ m; J. i7 c  C/ w# @" r: u

+ i1 Q4 I6 x3 g" }2 Z& G# Y! v  C  j' w; y2 R
9. Coal is being transformed into a clean burning liquid fuel. The CO2 5 @* v2 U/ d2 h/ j
produced as a byproduct is sold to oil companies for injection into 9 ]% _7 W' R  ~4 o& Y- f3 u3 A' V8 o) G
oil wells.   n5 Z9 o  r4 ^- m

  f( i( e& W/ ^
4 A$ e: }3 P6 @! E10. Solar, wind and ocean energy is displacing oil as an energy - }1 U0 V$ t& x! v$ J  Q7 ]
source. Three new wind turbines are being erected every day in the US.
0 k5 s7 R3 N: ]: ^+ x, V
* ]  Y. n5 y4 J7 T& X4 N% R% I- h* Y3 w. ]$ K! K3 G
Each of the above by itself will not make a large difference in the * v* x( u5 \7 x
price of crude oil but the sum of all of them together is world + D  N8 b/ _6 d3 e) m9 H0 \
changing. The important thing is that OPEC no longer has the ability , t5 w  @; B# c9 m% d
to control oil prices.
% Q$ X& `& R" k  i
" s6 p/ q9 p* s7 d) ^' y2 M6 S% P) ]1 Q
With the above scenario, I still believe that there are under
  Z& w. o6 y  F/ Eperformed OIL companies and probably they are yet to get the justified 2 {) t& g3 }4 [( n
value .....
3 e* z( ]. s/ q2 y3 uIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
& x3 E! B/ c: u, u
  K$ K; g% R5 u, P1 c
. j/ M+ a: w# a: \3 kThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
3 `/ C1 }3 k9 n1 c& I9 v2009 ... FYI-Only
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